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RE: IRS Hunts Cryptos | Is This the End of the Line for ICOs?
I think its insane how we have to pay taxes for crypto to crypto transactions. But from what I understand its only if you have transaction bigger than 10,000$ but I could be wrong.
The IRS has jurisdiction to tax crypto for crypto transactions, as a taxable exchange of property without regard to a dollar threshold (in most situations).
Yeah definitely going to go see an expert to make sure im all good even though im only trading a few grand. I dont plan to cash out anytime soon. But i make alot of small transactions crypto to crypto as everyone does.